Transport Corporation of India (TCI) has announced its financial results for the second quarter ended September 30, 2014. It reported revenue of INR5.62bn, which represented growth of 12.6% over Q2 of 2013. The company also recorded net profit of INR213.7m, an increase of 63% year-on-year. Accordingly TCI’s Q2 margin stood at 3.8%.
For the first half of 2014 TCI recorded revenue of INR10.83bn, an increase of 10.38% compared to the first half of 2013. The company also recorded first half EBITDA of INR886.98m, resulting in a first half margin of 8.19%.
Commenting on the results, Vineet Agarwal, Transport Corporation of India’s Managing Director said, “Our positive H1 results can be attributed to TCI’s continuous and persistent focus on value growth verticals like retail, auto, e-commerce, pharma, etc. through our Freight, XPS and Supply Chain businesses. We have seen growth in both B2B and B2C parts of the business with our diversified product offering for large scale warehousing, e-commerce fulfilment and other value added services like kitting and packaging. TCI has also seen traction in demand for multi-modal Rail & Coastal solutions from its customers.”
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